Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Decarbonisation
• Renewable energy

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Triple threat of Russia-Ukraine war, protracted Covid-19 pandemic and climate vulnerabilities
• Surging fuel prices and import bills straining external and fiscal balances of commodity-importing countries
• Disruptions to global trade and supply chains in agricultural, fertiliser, and energy sectors
• High food and energy prices exacerbating inflationary pressures and constraining economic activity
• Inadequate transport links adding to costs of goods traded among African countries
• Long waiting times for goods to be released at ports
• Supply chain disruptions
• Lack of foreign exchange reserves
• Electricity supply issues
• Infrastructural constraints at ports, via rail and in key logistics corridors
• High operating costs, infrastructure limitations and socio-political disruption in the metals and mining sector
• Issues over infrastructure, civil unrest and high production costs limiting benefits from booming commodity prices
• Lack of refining capacity in oil and gas sectors
• Political and civil disruption limiting the chance to benefit from rising oil prices
• Disputes with unions, issues with ageing and vandalised port and rail infrastructure, power outages and fears over cost of living in South Africa
• Inflation, labour shortages and lingering pandemic-related disruption
• High commodity prices, headline inflation and the tightening of global financial conditions putting the continent’s productive capacity at risk
• Growing threat of sovereign defaults
• Lack of access to credit, information and support for farmers
• Information asymmetry on prices, poor logistics infrastructure and losses in value of commodities
• Fragmented, competitive and informal intra-African trade
• Lack of financing and infrastructure
• High cost and complexity of trading across borders in multiple currencies and jurisdictions
• Reluctance of traditional banks to finance low-ticket deals
• High cost and complexity of trading across borders in multiple currencies and jurisdictions
• Lack of internet access for SMEs
• Legal and regulatory issues around the use of data on platforms across borders
• Geopolitical risks, inflation and high commodity prices translating into higher interest rates
• Highly indebted governments and potentially corporates
• Stricter capital requirements, interest rates and forex liquidity challenges increasing transaction costs

Mitigation Strategies

• Diversify import and export strategies for crucial goods and commodities
• Build resilience to future shocks
• Boost intra-African trade
• Launch AfCFTA Hub to link governments and private sector partners
• Create AfCFTA Country Business Index to identify bottlenecks in intracontinental trade
• Increase domestic processing and set up as hubs for intra-regional trade
• A slew of export credit agency and development finance institution-backed infrastructure development projects
• Put domestic price controls and export restrictions in place
• Offer cash subsidies to vulnerable groups
• Boost local agriculture
• Offer concessions on food security, vaccine manufacturing, and climate change targets to secure African support
• Use of proceeds and ESG overlay approaches for ESG solutions
• Diversify procurement by increasing the contribution of regional and local suppliers
• Adoption of domestic supplier financing programmes
• Adoption of digital technologies to enhance the speed and accuracy of document-checking process
• Implement Traydstream platform using OCR and ML technologies
• Off-balance sheet solutions or things like letter of credit (LC) issuances
• Use swap instruments to boost foreign currency
• Boost liquidity through structured LCs
• Develop a pan-African payment and settlement platform which allows banks to offer direct intra-Africa payments with same-day settlement, at a lower cost and reduced FX margin
• Establish a Caribbean office and invest US$700mn to boost trade and trade finance between Africa and the Caribbean

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• GTR Leaders in Trade Awards